To ensure compliance with Internal Revenue Service (IRS) regulations and procedures for tax withholding and reporting for payments made to medical service providers, attorneys, sole proprietors, partnerships and individuals. Also, to provide guidance and direction in determining a taxpayer’s classification prior to performing any work or providing any service.
All payments made to business entities or individuals by the University of Kentucky shall be in compliance with IRS, State, Office of Immigration and Naturalization Services and University regulations for taxpayer classification and tax withholding and reporting.